THE Federal Capital Territory Minister, Malam Muhammad Bello, has called for environmental protection and welfare of host communities where mining activities take pace. He warned against environmental degradation and lack of concern for the welfare of host communities in the development of the mines and minerals sector. Bello spoke while declaring open the executive session …
Nigeria is targeting US$5 billion in mining investments over the next decade under a new industry road map as part of a drive to diversify revenue. When you think about ‘popular’ mining destinations in Africa, which countries come to mind – is Nigeria one of them? Naturally those with a strong mining history – such …
A year after revealing A Nigerian nickel discovery that looked too good to be true, former Western Mining Co chief Hugh Morgan believes his team has cracked the technical challenges presented by the mystery mineralization. Mr Morgans’s private company Comet Minerals has discovered what looks to be a vast and unique nickel deposit comprising an …
..Tasks FG on judicious disbursement of N5bn FG-BoI rescue fund ..Commends Buhari for championing Africa’s cause at the UN ..Calls for urgent implementation of safety policies in minefields The Nigerian Union of Mines Workers (NUMW) has called on the Minister of Mines and Steel Development, Dr Kayode Fayemi and his Minister of State, Abubakar Bawa …
That Nigeria has been badly managed before now is no longer news. Every institution of state designed to protect the country looked the other way while non-state actors and gangs run riot. Nigeria never gave serious consideration to solid minerals development until the President Muhammadu Buhari- led administration made the sector and Agriculture the focal …
Click here download Communique In the bid to reposition the mining sector and grow the steel sector, the Federal Government has been urged to fast track the revitalisation of the Ajaokuta Steel Company Ltd and Aluminium Smelting Company of Nigeria (ALSCON), as well as revive several moribund steel plants scattered across the country and promote …
PriceWaterhouseCoopers (PwC) has advised investors in the mining sector not to expect returns on investments quickly as the life cycle in any mining is always long. Its Director, Mr. Cyril Azobu, said looking at the entire value chain of the industry, the development period is long, adding that exploration, which is the most risky part …
Olaseni Durojaiye examines the impact of a N5 billion funding support for artisanal and small scale miners in the continuing effort of the federal government to diversify the revenue base of the economy Efforts to grow and develop the country’s mining sector to make it contribute more effectively to government revenues got a boost with …
The Ministry of Mines and Steel Development, through the Mineral Sector Support for Economic Diversification (MinDiver) Project, on Monday commenced a three-day training on Nigerian Minerals Corridor- Decision Support System (NMRDSS) for officials across different Ministries, Departments and Agencies (MDAs). The Nigerian Minerals Corridor- Decision Support System came into existence as an economic transformation strategy. It is …